Legal Opinion

Rhodes v. Oaklawn Bank

Supreme Court of Arkansas

Decided April 4, 1983No. 82-275PublishedCited by 15 opinions

1Opinion of the Court

John I. Purtle, Justice.

Appellant executed a promissory note to appellee which was secured by some items of restaurant equipment and a prefabricated aluminum building. The appellant had operated a fast food restaurant from this building and used the equipment in the business. Appellant defaulted in his payment schedule and appellee repossessed the building and equipment. Some months later, appellee sold the collateral. Appellant was never sent written notice of the sale. Appellee brought suit for failure to make payments under the terms of the note. The trial court granted judgment against…

2Cases cited4 opinions

  1. Universal C. I. T. Credit Co. v. RoneSupreme Court of Arkansas · 1970
  2. Barker v. HornSupreme Court of Arkansas · 1968
  3. Harper v. Wheatley Implement Co., Inc.Supreme Court of Arkansas · 1982
  4. Wheeless v. Eudora BankSupreme Court of Arkansas · 1974

3Cited by15 opinions

  1. First State Bank v. HallettSupreme Court of Arkansas · 1987
  2. Womack v. First State Bank of Calico RockCourt of Appeals of Arkansas · 1987
  3. Walker v. Grant County Savings and Loan Ass'nSupreme Court of Arkansas · 1991
  4. Farmers & Merchants Bank v. BarnesCourt of Appeals of Arkansas · 1986
  5. Vermont National Bank v. HamiltonSupreme Court of Vermont · 1988

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